Uncomfortable reading for Paul De Resta

We are heading for a fourteen car formula one.

In the normal world, an average person when they owe large amounts of money to banks and major creditors, would be expected to and have to sell there own assets including there home to satisfy any outstanding bills, unless it puts them out on the street maybe......why the hell should this man be any different? I cant see Force India surviving in its present guise much longer. Maybe Max Chiltons dad can help out here...??

Same is the story with Sahara group...it will be so unfortunate for this team if they are forced to bow out or are bought out after achieving so much over last few seasons...

@Cloudy weather ahead - These are not personal debts they are debts of one of his companies. The whole idea behind a corporation is to protect personal assets from a business failure. I am not sure what the rules are in the UK or EU but here in the US even a small business owner can form a coporation to seperate their assets from the business.

mark. maybe in the us,but mallya has given personal guarantees and collateral for his astronomical loans. some of his personal assets have already been seized, and he has even had to partially sell off his whisky company, to stay afloat. banks will take eery step possible to recover their money

richard - collateral or co-signing are a different story. The same rules regarding those would apply in the US too.

Richard is correct , the banks will take every step to recover money owed to them, its only a matter of time, would not be surprised if Force India don't make it to the end of the season

This was on the cards nearly a year ago, you can't not pay Pilots for 6 months, suppliers, fuel companies etc. and expect to get away with it.
But, as they say "Owe the Bank $100 you are in trouble, owe the Bank $1.6BILLION and...................."

... and Sahara are having some bank accounts frozen for not repaying 52bn...

Surprised at FT though... the reason to have separate business entities is to protect them in case one get's into problems.. morality of not bailing the airline out with his personal money?? tabloid journalism at it's worst..